Friday, November 16, 2007

Hank Paulsen -- Comedian

From the WSJ:

Treasury Secretary Henry Paulson Friday said the U.S. continues to have a strong dollar policy and the value of the dollar will ultimately reflect strong U.S. economic fundamentals.

"We have very much a strong dollar policy; that's in our nation's interests," he said in a South African radio interview. "Our economy, like any other, has its ups and downs and its long-term strength will be reflected in our currency markets."
[Henry Paulson]

Mr. Paulson's comments echo those he made on Thursday and those of President Bush earlier in the week.

What is it with continually stating "we have a strong dollar policy"? For God's sake, will someone show these people a chart of the dollar? Here Hank -- take a look at this chart from the St. Louis Fed:

Anyone see a pattern here? Bueller? Bueller?